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Sample Exam #3 - Spring 2006
Note: All questions will change. These questions let you see the
formatting of an exam. You can use Sample Exam #1 to help you
prepare for your Exam #1. Use Sample Exam #2 to help you prepare
for your Exam #2. Sample Exam #3 can help you with your Exam #3.
Name (legible): ___________________
Instructions: Unless otherwise indicated, assume the use of
accrual accounting, a December 31 year end, and the periodic
inventory system. Unless otherwise indicated, omit explanations
on journal entries. If you feel a question is ambiguous, write
your assumptions in your answer and ask for clarification.
Questions: Points:
1-10 5 each
11 10
12 10
13 10
14 10
15 10
Total 100 points
PART I. MULTIPLE CHOICE. CIRCLE THE LETTER OF THE BEST RESPONSE.
1. A materials requisition slip showed that direct materials
requested were $30,000 and indirect materials requested were
$6,000. The entry to record the transfer of materials from the
storeroom is:
a. Work In Process Inventory 30,000
Raw Materials Inventory 30,000
b. Direct Materials 30,000
Indirect Materials 6,000
Work In Process Inventory 36,000
c. Manufacturing Overhead 36,000
Raw Materials Inventory 36,000
d. Work In Process Inventory 30,000
Manufacturing Overhead 6,000
